LUNG CANCER THERAPEUTICS MARKET ANALYSIS

Regional Analysis

Higher carcinoma lung population dominates the lung cancer therapeutics market in North America

Regional segmentation of the lung cancer therapeutics market by Coherent Market Insights comprises North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa. According to the American Cancer Society estimates of 2017, approximately 195,000 people are suffering from NSCLC every year in the U.S. where, the number of deaths from NSCLC is recorded to be around 135,000, thus increasing the demand for lung cancer therapeutics in North America. The increasing demand in North America is also due to rising prevalence of lung cancer, increasing geriatric population, high smoking habits leading to higher carcinoma lung population. Asia Pacific is projected a higher growth rate in the forecast period owing to the growing awareness of enhanced health care, Government funding, and the presence of medical requirements for cancer therapeutics in the developing economies of India and China.